Newberry VA Loan Rates, Closing Costs & Stats
Newberry, SC
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Newberry's 28 lenders originated 49 VA loans during 2022. The total origination value was $13,905,000, with an average VA loan value of $283,776.
Newberry VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Newberry
averaged
6.46%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
Newberry's average VA mortgage closing costs are $5,887.
The average rate for the prior week (2023-09-15) was
6.54% and
one month ago for the week of 2023-08-18, the
average rate was 6.52%.
The average rate one year ago was 5.68%.
For refis of the same type during the week of 2023-09-22, the average rate
was 6.92%.
Newberry VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Newberry level.
The top Newberry VA lender as defined by loan originations is NEW DAY FINANCIAL, LLC, with
5 VA loans originated. Their average total fees are
$8,380, which is $7,038
lower than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Newberry VA lenders (with over 10 loans originated) are
.
The lowest rate Newberry VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Newberry (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $159,450 (-0.2%) | $213,676 (-12.2%) | 0.00 | 139 |
2018-02-01 | $161,450 (8.0%) | $214,346 (-3.3%) | 0.00 | 129 |
2018-03-01 | $176,250 (21.6%) | $235,991 (7.6%) | 0.00 | 116 |
2018-04-01 | $234,000 (56.0%) | $258,935 (10.8%) | 0.00 | 107 |
2018-05-01 | $236,500 (32.9%) | $260,339 (5.1%) | 0.00 | 91 |
2018-06-01 | $199,900 (12.8%) | $256,734 (0.7%) | 0.00 | 102 |
2018-07-01 | $195,700 (8.8%) | $238,935 (-1.8%) | 0.00 | 115 |
2018-08-01 | $237,450 (37.9%) | $261,611 (12.1%) | 0.00 | 108 |
2018-09-01 | $229,900 (27.8%) | $250,899 (5.1%) | 0.00 | 103 |
2018-10-01 | $209,475 (19.7%) | $251,663 (9.4%) | 0.00 | 101 |
2018-11-01 | $223,475 (27.7%) | $246,556 (11.9%) | 0.00 | 93 |
2018-12-01 | $225,000 (30.5%) | $245,314 (13.0%) | 0.00 | 95 |
2019-01-01 | $219,000 (37.4%) | $242,047 (13.3%) | 0.00 | 88 |
2019-02-01 | $220,375 (36.5%) | $246,760 (15.1%) | 0.00 | 86 |
2019-03-01 | $236,000 (33.9%) | $266,512 (12.9%) | 0.00 | 87 |
2019-04-01 | $250,125 (6.9%) | $290,021 (12.0%) | 0.00 | 86 |
2019-05-01 | $217,200 (-8.2%) | $278,520 (7.0%) | 0.00 | 91 |
2019-06-01 | $195,400 (-2.3%) | $259,142 (0.9%) | 0.00 | 86 |
2019-07-01 | $193,100 (-1.3%) | $251,170 (5.1%) | 0.00 | 88 |
2019-08-01 | $194,405 (-18.1%) | $247,283 (-5.5%) | 0.00 | 95 |
2019-09-01 | $190,211 (-17.3%) | $242,552 (-3.3%) | 0.00 | 96 |
2019-10-01 | $187,416 (-10.5%) | $239,398 (-4.9%) | 0.00 | 93 |
2019-11-01 | $184,999 (-17.2%) | $246,932 (0.2%) | 0.00 | 93 |
2019-12-01 | $187,450 (-16.7%) | $246,651 (0.6%) | 0.00 | 95 |
2020-01-01 | $198,450 (-9.4%) | $258,781 (6.9%) | 0.00 | 82 |
2020-02-01 | $199,900 (-9.3%) | $272,399 (10.4%) | 0.00 | 86 |
2020-03-01 | $208,408 (-11.7%) | $275,522 (3.4%) | 0.00 | 84 |
2020-04-01 | $211,380 (-15.5%) | $284,288 (-2.0%) | 0.00 | 85 |
2020-05-01 | $229,950 (5.9%) | $302,857 (8.7%) | 0.00 | 81 |
2020-06-01 | $224,424 (14.9%) | $299,861 (15.7%) | 0.00 | 63 |
2020-07-01 | $223,427 (15.7%) | $295,016 (17.5%) | 0.00 | 59 |
2020-08-01 | $219,900 (13.1%) | $276,975 (12.0%) | 0.00 | 48 |
2020-09-01 | $198,625 (4.4%) | $239,626 (-1.2%) | 0.00 | 47 |
2020-10-01 | $192,500 (2.7%) | $246,698 (3.1%) | 0.00 | 41 |
2020-11-01 | $207,450 (12.1%) | $253,676 (2.7%) | 0.00 | 36 |
2020-12-01 | $235,000 (25.4%) | $295,374 (19.8%) | 0.00 | 44 |
2021-01-01 | $223,500 (12.6%) | $269,204 (4.0%) | 0.00 | 36 |
2021-02-01 | $233,750 (16.9%) | $278,941 (2.4%) | 0.00 | 42 |
2021-03-01 | $249,913 (19.9%) | $305,775 (11.0%) | 0.00 | 33 |
2021-04-01 | $249,000 (17.8%) | $303,252 (6.7%) | 0.00 | 22 |
2021-05-01 | $256,375 (11.5%) | $303,944 (0.4%) | 0.00 | 21 |
2021-06-01 | $187,500 (-16.5%) | $327,635 (9.3%) | 0.00 | 28 |
2021-07-01 | $275,000 (23.1%) | $367,964 (24.7%) | 0.00 | 29 |
2021-08-01 | $257,875 (17.3%) | $374,764 (35.3%) | 0.00 | 37 |
2021-09-01 | $304,500 (53.3%) | $426,106 (77.8%) | 0.00 | 42 |
2021-10-01 | $295,000 (53.3%) | $372,732 (51.1%) | 0.00 | 41 |
2021-11-01 | $299,450 (44.4%) | $445,380 (75.6%) | 0.00 | 36 |
2021-12-01 | $299,500 (27.5%) | $433,580 (46.8%) | 0.00 | 29 |
2022-01-01 | $259,900 (16.3%) | $425,996 (58.2%) | 0.00 | 25 |
2022-02-01 | $245,500 (5.0%) | $423,765 (51.9%) | 0.00 | 17 |
2022-03-01 | $300,165 (20.1%) | $486,032 (59.0%) | 0.00 | 21 |
2022-04-01 | $302,940 (21.7%) | $464,355 (53.1%) | 0.00 | 36 |
2022-05-01 | $308,740 (20.4%) | $497,143 (63.6%) | 0.00 | 47 |
2022-06-01 | $309,940 (65.3%) | $432,342 (32.0%) | 0.00 | 58 |
2022-07-01 | $306,490 (11.5%) | $431,245 (17.2%) | 0.00 | 68 |
2022-08-01 | $310,165 (20.3%) | $421,836 (12.6%) | 0.00 | 62 |
2022-09-01 | $310,000 (1.8%) | $414,530 (-2.7%) | 0.00 | 59 |
2022-10-01 | $304,390 (3.2%) | $392,733 (5.4%) | 0.00 | 68 |
2022-11-01 | $299,950 (0.2%) | $369,466 (-17.0%) | 0.00 | 74 |
2022-12-01 | $289,900 (-3.2%) | $364,707 (-15.9%) | 0.00 | 73 |
2023-01-01 | $289,095 (11.2%) | $374,066 (-12.2%) | 0.00 | 58 |
2023-02-01 | $284,113 (15.7%) | $338,327 (-20.2%) | 0.00 | 56 |
2023-03-01 | $276,500 (-7.9%) | $359,934 (-25.9%) | 0.00 | 56 |
2023-04-01 | $305,000 (0.7%) | $437,500 (-5.8%) | 0.00 | 64 |
2023-05-01 | $401,000 (29.9%) | $475,335 (-4.4%) | 0.00 | 48 |
2023-06-01 | $356,750 (15.1%) | $458,502 (6.1%) | 0.00 | 41 |
2023-07-01 | $375,000 (22.4%) | $462,830 (7.3%) | 0.00 | 39 |
2023-08-01 | $413,750 (33.4%) | $503,140 (19.3%) | 0.00 | 44 |
Newberry's median listing price comes in at 0% of the national average.
Newberry's average listing price for 2023-08-01 was $503,140, a difference of $81,304 (19.3%) versus the prior year and $40,310 versus the prior month.
For the 2023-08-01 period, Newberry had 44 MLS listings, a difference of 5 listings (13%) versus the prior month and -18 listings (-29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Newberry (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,861 sqft |
2018-02-01 | 0 days | 1,809 sqft |
2018-03-01 | 0 days | 1,945 sqft |
2018-04-01 | 0 days | 1,985 sqft |
2018-05-01 | 0 days | 2,064 sqft |
2018-06-01 | 0 days | 1,883 sqft |
2018-07-01 | 0 days | 1,832 sqft |
2018-08-01 | 0 days | 1,906 sqft |
2018-09-01 | 0 days | 1,926 sqft |
2018-10-01 | 0 days | 1,969 sqft |
2018-11-01 | 0 days | 1,942 sqft |
2018-12-01 | 0 days | 2,007 sqft |
2019-01-01 | 0 days | 1,953 sqft |
2019-02-01 | 0 days | 1,943 sqft |
2019-03-01 | 0 days | 1,906 sqft |
2019-04-01 | 0 days | 1,854 sqft |
2019-05-01 | 0 days | 1,866 sqft |
2019-06-01 | 0 days | 1,834 sqft |
2019-07-01 | 0 days | 1,770 sqft |
2019-08-01 | 0 days | 1,716 sqft |
2019-09-01 | 0 days | 1,716 sqft |
2019-10-01 | 0 days | 1,736 sqft |
2019-11-01 | 0 days | 1,824 sqft |
2019-12-01 | 0 days | 1,857 sqft |
2020-01-01 | 0 days | 1,915 sqft |
2020-02-01 | 0 days | 2,002 sqft |
2020-03-01 | 0 days | 2,001 sqft |
2020-04-01 | 0 days | 1,979 sqft |
2020-05-01 | 0 days | 1,997 sqft |
2020-06-01 | 0 days | 1,945 sqft |
2020-07-01 | 0 days | 1,893 sqft |
2020-08-01 | 0 days | 1,978 sqft |
2020-09-01 | 0 days | 1,912 sqft |
2020-10-01 | 0 days | 1,929 sqft |
2020-11-01 | 0 days | 1,997 sqft |
2020-12-01 | 0 days | 1,967 sqft |
2021-01-01 | 0 days | 2,009 sqft |
2021-02-01 | 0 days | 1,933 sqft |
2021-03-01 | 0 days | 1,918 sqft |
2021-04-01 | 0 days | 2,044 sqft |
2021-05-01 | 0 days | 1,964 sqft |
2021-06-01 | 0 days | 1,690 sqft |
2021-07-01 | 0 days | 1,950 sqft |
2021-08-01 | 0 days | 2,020 sqft |
2021-09-01 | 0 days | 2,111 sqft |
2021-10-01 | 0 days | 2,100 sqft |
2021-11-01 | 0 days | 2,100 sqft |
2021-12-01 | 0 days | 2,156 sqft |
2022-01-01 | 0 days | 2,096 sqft |
2022-02-01 | 0 days | 1,821 sqft |
2022-03-01 | 0 days | 2,038 sqft |
2022-04-01 | 0 days | 2,049 sqft |
2022-05-01 | 0 days | 2,196 sqft |
2022-06-01 | 0 days | 2,196 sqft |
2022-07-01 | 0 days | 2,196 sqft |
2022-08-01 | 0 days | 2,232 sqft |
2022-09-01 | 0 days | 2,361 sqft |
2022-10-01 | 0 days | 2,303 sqft |
2022-11-01 | 0 days | 2,234 sqft |
2022-12-01 | 0 days | 2,196 sqft |
2023-01-01 | 0 days | 2,211 sqft |
2023-02-01 | 0 days | 2,182 sqft |
2023-03-01 | 0 days | 2,196 sqft |
2023-04-01 | 0 days | 2,176 sqft |
2023-05-01 | 0 days | 2,354 sqft |
2023-06-01 | 0 days | 2,175 sqft |
2023-07-01 | 0 days | 1,886 sqft |
2023-08-01 | 0 days | 1,905 sqft |
Newberry's median square footage for active listings during the 2023-08-01 period was 1,905 sqft. One year prior, the average listing was 2,232 sqft.